Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Hewlett Packard Enterprise Co. (NYSE:HPE) during the second quarter, Holdings Channel reports. The fund bought 5,485 shares of the company’s stock, valued at approximately $100,000.
A number of other large investors have also added to or reduced their stakes in HPE. IFP Advisors Inc boosted its stake in Hewlett Packard Enterprise by 3.6% in the first quarter. IFP Advisors Inc now owns 20,674 shares of the company’s stock valued at $367,000 after buying an additional 712 shares in the last quarter. Ngam Advisors L.P. boosted its stake in Hewlett Packard Enterprise by 31.9% in the first quarter. Ngam Advisors L.P. now owns 73,372 shares of the company’s stock valued at $1,301,000 after buying an additional 17,732 shares in the last quarter. Columbia Partners L L C Investment Management acquired a new stake in Hewlett Packard Enterprise during the first quarter valued at approximately $1,178,000. NN Investment Partners Holdings N.V. acquired a new stake in Hewlett Packard Enterprise during the first quarter valued at approximately $5,065,000. Finally, Advisor Partners LLC boosted its stake in shares of Hewlett Packard Enterprise by 23.7% in the first quarter. Advisor Partners LLC now owns 29,071 shares of the company’s stock worth $515,000 after buying an additional 5,576 shares during the period. 80.51% of the stock is owned by institutional investors and hedge funds.
Hewlett Packard Enterprise Co. (NYSE:HPE) traded down 1.15% during mid-day trading on Tuesday, hitting $22.39. The company had a trading volume of 9,134,892 shares. Hewlett Packard Enterprise Co. has a 52 week low of $11.62 and a 52 week high of $23.53. The company has a market capitalization of $37.29 billion and a price-to-earnings ratio of 9.34. The firm’s 50 day moving average is $22.13 and its 200 day moving average is $19.32.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 7th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The business had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $12.64 billion. Hewlett Packard Enterprise’s quarterly revenue was down 3.9% on a year-over-year basis. On average, equities research analysts predict that Hewlett Packard Enterprise Co. will post $1.92 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.22 annualized dividend and a yield of 0.98%. Hewlett Packard Enterprise’s dividend payout ratio is 9.17%.
HPE has been the subject of a number of research reports. Bank of America Corp. reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, June 8th. Wells Fargo & Co. reissued a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Monday, July 11th. Mizuho raised their price objective on Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, September 8th. Brean Capital reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Monday, June 6th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Sunday, July 10th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.03.
In other Hewlett Packard Enterprise news, EVP Michael G. Nefkens sold 107,500 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $22.00, for a total transaction of $2,365,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert Youngjohns sold 8,622 shares of the stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $19.69, for a total value of $169,767.18. Following the sale, the executive vice president now owns 18,033 shares in the company, valued at $355,069.77. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions, which enables the customers to build cloud-enabled, mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services, software and financial services businesses.
Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Co. (NYSE:HPE).
Receive News & Ratings for Hewlett Packard Enterprise Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Co. and related companies with MarketBeat.com's FREE daily email newsletter.